The Catholic launches two-year fix

The Catholic has launched a two-year discounted mortgage product for house purchase and remortgages.

The new two-year discounted scheme has an initial interest rate of 4.9%, a discount of 2.34% off the SVR of 7.24% for the first 24 months.

James Gilbourne, chief executive of The Catholic, says: “This highly competitive two-year discounted scheme allows borrowers to benefit from a low interest rate with no overhanging early repayment charges once the discount expires.

“We are a society that looks after our borrowers, and includes offering very
attractive products and services”.